MBA: Homebuyer Affordability Continued to Decrease in April
Homebuyer affordability decreased slightly in April, falling 0.6% to a score of 163.0 on the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI).
That’s...
Pending Home Sales Sank 6.3 Percent in April, Subdued by Higher Mortgage Rates
Pending home sales fell 6.3% in April compared with March and were down 2% compared with April 2024, according to the National Association of...
Case-Shiller: Home Price Growth Turned Negative Month-Over-Month in March
Despite increased inventory, U.S. home prices posted a decrease of -0.3% in March compared with February but were up year-over-year, according to the S&P...
Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 Percent
Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up...
New Home Sales Jumped 10.9 Percent in April
New home sales in April were at a seasonally-adjusted annual rate of 743,000, an increase of 10.9% compared with March and up 3.3% compared...
Existing-Home Sales Decreased Slightly in April
Existing-home sales were at a seasonally adjusted annual rate of about 4.00 million in April, down 0.5% compared with March and down 2.0% compared...
Zillow: Inventory of Homes for Sale is Up Nearly 20 Percent From a Year...
Inventory of homes for sale surged 19.6% in April compared with April 2024 - and new listings were up 7.6% - but it hardly...
First American: Home Prices Increased Only 2 Percent Year-Over-Year in April
U.S. home prices increased 0.4% in April compared with March but were up only 2% compared with April 2024 - a clear indication that...
Housing Starts Were Lackluster in April as Builders Grappled With Economic Uncertainty
Housing starts increased slightly in April, as builders continued to face significant economic uncertainty due to tariffs, in addition to supply and labor headwinds.
Starts...
NAR: Despite Increased Inventory, Housing Affordability Gap Persists
U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March – up slightly from 20.8% in March 2024,...
More Than 80 Percent of Metro Areas Posted Home Price Increases in Q1
More than 80% of metro markets (189 out of 228, or 83%) registered home price gains in the first quarter, down from 89% in...
ATTOM: Share of Homes Considered ‘Equity Rich’ Fell Slightly in Q1
The share of homes considered equity-rich dropped to 46.2% in the first quarter, down from 47.7% in the fourth quarter, while the rate of...
ATTOM: Home Equity Dipped in Q1 But Remains Nearly Double What it Was in...
About 46.2% of mortgaged residential properties in the U.S. were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances...
Cloudvirga Launches Tropos, a Borrower Portal That’s More Than a Borrower Portal
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has launched Tropos, a borrower portal that helps lenders deliver personalized, intuitive digital experiences...
Mortgage Rates Basically Flat This Week, But Stability is ‘Reassuring to Consumers’
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 6.76%, according to Freddie Mac’s Primary Mortgage...
First American: Income Growth is Now Outpacing Home Price Appreciation Nationally
U.S. home prices barely budged in February, rising 0.5% compared with March and rising only 1.8% compared with February 2024, according to First American’s...
U.S. Economy Added 177,000 Jobs in April as Unemployment Rate Remains Flat
About 177,000 payroll jobs were added to the U.S. economy in April, while the unemployment rate remained flat at 4.2%, according to the U.S....
FHFA: Home Prices Barely Increased in February
U.S. home prices increased a mere 0.1% in February compared with January and increased only 3.9% compared with February 2024, as home price growth...
Stewart Title Insurance Co. Merges With Stewart Title Guaranty Company in New York
Stewart Title Insurance Co. has merged with Stewart Title Guaranty Company in New York.
Both are owned by Stewart Information Services Corp.
The combined company will...
Case-Shiller: Home Prices Continued to Rise in February – But at a Slower Pace
U.S. home prices increased 0.3% on an adjusted basis in February compared with January and were up 3.9% compared with February 2024, according to...